Huobi Technology Holdings Ltd.(“Huobi Tech”, Stock Code: 1611) announced that the Securities and Futures Commission has approved Huobi Asset Management (Hong Kong) Limited (“Huobi Asset Management”), a wholly-owned subsidiary of the Company, to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities with effect from 31 July 2020. The Company will focus on providing securities advisory and asset management services to professional investors. Its long-term vision is to create an integrated financial service platform, which will offer both traditional and virtual assets.

Elaine Sun, the Compliance Director of Huobi Tech said: “We are delighted to get licensed and it marks a good start for the Company to provide professional asset management services. The Asset Management arm is led by a team of investment professionals with extensive traditional securities investment experience and fruitful knowledge in blockchain and virtual asset industry. As a fully compliant trusted platform, we are confident that the Company could bridge the gap between traditional and virtual asset class investments and offer integrated solutions to our professional investors.”

Huobi Tech was incorporated in the British Virgin Islands in December 1990, and it was listed on the Main Board of the Stock Exchange of Hong Kong in November 2016. Headquartered in Hong Kong, Huobi Tech has a manufacturing facility in Shenzhen, Guangdong Province, China, and a customer sales and engineering support office in Chicago, USA. Primarily engaged in OEM & EMS manufacturing of power-related and electronic products, Huobi Tech is also expanding its business into technology solutions with an emphasis on blockchain applications. Due to the annual report, the Company is also applying virtual asset and finance-related licenses in major markets around the world, as well as incubation and expansion into emerging businesses.